Credit Cards

[youngandcreditwrthy]

But once the apr goes to 16.99%, and say her balance is $3k, her payment would then spike to ...more like $100 or so instead of $40 at the 0% rate.

Of course the payment adjusts Downward as it gets paid down too lol.

[dialect]

minimum payment should be

1% or $25 whichever is greater

PLUS

any applicable interest or fees (in this case there is none since she's at 0% apr)

[jsucool76]

It should be in her agreement. Usually says it at the bottom (near where they talk about the "average daily balance" thing)

[Dustink]

Looks like a payment of $125 a month will be about right.

I think she can manage that, and it will get the amount paid down at a fair rate. This will incur $300 in interest and a payoff date before October of 2015.

[codimom]

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Dustink wrote:

Does anyone know what the minimum payment on Chase Slate is?

I heard Chase raised some of their credit card account to 5% back in 2010. What about now for the Chase Slate. What percentage do customer generally have to pay for their minimum?

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if you can get into her account online, you can use the "pay it off; calculator on the site to determine how quickly the balance/payments would go down, and how much interest you would pay/save.  you can also get the cardholder agreement there.

[youngandcreditwrthy]

Lol +1 dialect

[Dustink]

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codimom wrote:

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Dustink wrote:

Does anyone know what the minimum payment on Chase Slate is?

I heard Chase raised some of their credit card account to 5% back in 2010. What about now for the Chase Slate. What percentage do customer generally have to pay for their minimum?

---

if you can get into her account online, you can use the "pay it off; calculator on the site to determine how quickly the balance/payments would go down, and how much interest you would pay/save.  you can also get the cardholder agreement there.

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Where do I find the cardholder agreement? I see the option to request one, but not to view it.

[Dustink]

Is it under blueprint?

[jsucool76]

Ah, if the only option is to request one then it might not be viewable. Im just weird and i happen to keep all of mine in a drawer. Lol

It might be under blueprint, im not familiar with chases whole setup.

[codimom]

Dang...wrong card. yes you can request that it be mailed.